compound interest formula
How to Calculate Compound Interest: 15 Steps
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If a principal amount P is invested at an interest rate r for t years, then the simple interest earned will be I = Prt We can use the simple interest formula
Compound Interest Formula t = number of years the amount is deposited or borrowed for A = amount of money accumulated after n years, including interest Make additions at start end of each compounding period Results Future Value: $ Compound Interest Formula Compound interest
sports car Question of Class 8-Compound interest formula : Compound interest is the interest charged on the loan or deposit amount It is the most commonly used Answer- The Compound Interest formula is- A = P Over here, the A is the final amount and P is the initial principal balance Similarly, r is the